Mumbai, Dec 1 (PTI) A smart rally in equities helped the Indian rupee strengthen further by 20 paise at 46.31/32 against the US dollar amid sustained weakness in the American currency overseas.
Forex dealers said exporters sold dollars as the as the American currency weakened further against major world currencies impacting positively on the rupee sentiment.
Sharp rise in the Indian benchmark sensex for the second successive day by over 272 points or 1.61 per cent mainly supported the rupee rise. Brokers said anticipation of capital inflows further boosted the rupee sentiment.
At the Interbank Foreign Exchange (Forex) market, the domestic unit moved in a range of 46.24 and 46.49.
Asian indices too ended higher by about 0.9 per cent and 2.4 per cent today while European markets were also trading up by about two per cent in their early trade.
Source : PTI